To underwrite Greece's entire privatisation programme.
But critics say that the scheme amounts to privatisation of natural resources.
That could include bold new concessions from the Greeks, such as pledging privatisation proceeds as collateral for new rescue funds.
In return for more outside help, Greece's government has agreed to more fiscal austerity and yet bolder reforms, including privatisation.
It proposes a “re-privatisation board” to reverse the state's crisis-driven entanglement in banks and business.
Yet free prices, free exchange rates, free trade, free Labour markets and privatisation have proved a colossal success.
In America, the bulwark of free enterprise, and in Britain, the pioneer of privatisation, financial firms have had to accept rescue and part-ownership by the state.
